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Stop, listen and learn -- that's Jim Cramer advice to his Mad Money viewers Friday regarding next week's jam-packed earnings onslaught. Cramer said too many times investors make snap judgments during this time of year, and those judgments are almost always dead wrong.
On Monday, Cramer said he'll be watching Halliburton (HAL) - Get Halliburton Company (HAL) Report for news on the Baker Hughes (BHI) merger, along with Valeant Pharmaceuticals (VRX) for a response to the drug pricing kerfuffle and IBM (IBM) - Get International Business Machines (IBM) Report to see if that company's cloud business can replacing its declining legacy services.
Then, on Tuesday, Cramer's eyes turn to United Technologiesundefined for a read on China, then to Verizon (VZ) - Get Verizon Communications Inc. Report and Chipotle Mexican Grill (CMG) - Get Chipotle Mexican Grill, Inc. Report , two stocks he recommends buying.
Wednesday brings earnings from Boeing (BA) - Get Boeing Company Report , a wait-and-see stock; and General Motors (GM) - Get General Motors Company (GM) Report , of which Cramer says he's no longer a fan. Also on Wednesday is Kimberly-Clark (KMB) - Get Kimberly-Clark Corporation (KMB) Report , which Cramer recommended, and Kinder Morgan (KMI) - Get Kinder Morgan Inc (KMI) Report , where Cramer said he likes Enterprise Product Partners (EPD) - Get Enterprise Products Partners L.P. Report and Energy Transfer Partners (ETP) more.
As if all that weren't enough, Cramer highlighted 3M (MMM) - Get 3M Company Report , a stock he owns for his charitable trust, Action Alerts PLUS, along with Caterpillar (CAT) - Get Caterpillar Inc. Report , Eli Lilly (LLY) - Get Eli Lilly and Company (LLY) Report , McDonald's (MCD) - Get McDonald's Corporation (MCD) Report , Alphabet (GOOGL) - Get Alphabet Inc. Class A Report , Amazon.com (AMZN) - Get Amazon.com, Inc. Report and Microsoft (MSFT) - Get Microsoft Corporation (MSFT) Report . He recommended Caterpillar and Eli Lilly, along with Alphabet, Amazon and yes, even Microsoft.
Finally, on Friday, there's American Airlines (AAL) - Get American Airlines Group, Inc. Report , Procter & Gamble (PG) - Get Procter & Gamble Company Report and VF Corp (VFC) - Get V.F. Corporation Report reporting. Cramer was a fan of just VF Corp.
Buy Nordic American Tanker
Rounding out his weekly series highlighting oil stocks you can live with, Cramer recommended Nordic American Tanker (NAT) - Get Nordic American Tankers Limited Report , the tanker operator with 23 ships and a 24th on the way.
Shares of Nordic American have doubled over the past 12 months and its dividend is approaching 10%. Why? Because the low price of oil is being driven by Saudi Arabia pumping tons of oil that need to be transported, and the low price of oil means more speculators storing oil in tankers while hoping for a higher price.
Add to that lower fuel costs, the biggest expense for tankers, and it's easy to see why day rates for tankers are at their highest in years.
So why did Nordic American just trim its dividend? Cramer said that historically the company would issue more shares to pay for new ships, but this time it hs decided not to dilute current shareholders and instead pay using a lower dividend. In the long run, this is a big win for shareholders, Cramer said.
Clamoring for Growth
When the economy shows signs of slowing, the big money managers open up their playbooks and start buying -- like clockwork, Cramer told viewers. That playbook explains much of the market action this week.
Cramer said on day one, money managers are clamoring for growth, which is why they start buying anything that has growth, like the biotechs and technology, both of which were strong yesterday.
But then, on day two, as a way to hedge their bets, managers look towards the less-risky consumer staple stocks including Pepsico (PEP) - Get PepsiCo, Inc. Report , Kimberly-Clark (KMB) - Get Kimberly-Clark Corporation (KMB) Report and Eli Lilly (LLY) - Get Eli Lilly and Company (LLY) Report , all of which were higher today.
These mutual funds and hedge funds never want to publicly reveal their strategies, Cramer concluded. Fortunately, he no longer runs a hedge fund.
Executive Decision: Stephen Weisz
For his "Executive Decision" segment, Cramer spoke with Stephen Weisz, president and CEO of Marriott Vacations Worldwide (VAC) - Get Marriott Vacations Worldwide Corporation Report , the vacation rental company that just posted a 5-cents-a-share earnings miss on lower-than-expected revenue, news that sent shares diving over 15% Thursday and another 1.9% today.
Weisz said he's mystified at the market's overreaction to the earnings. He said while currency pressures in Latin America and timing issues between the third and fourth quarters did lower earnings, his company also reaffirmed earnings guidance for the year. He said investors will likely need another quarter to adjust to the "new normal" of a strong U.S. dollar.
Weisz also noted the company is not seeing any disruption in business from the likes of AirBNB and others, as some have suggested. He said there is not much overlap between the two geographically speaking and once people use an AirBNB and get used to the idea of sharing a rental property, they're more likely to become a Marriott customer.
Cramer said he's been waiting for a great operator like Marriott to provide investors a good entry point and it looks like they just got one.
Off the Tape
In his "Off The Tape" segment, Cramer sat down with Noah Glass, founder and CEO of the privately held Olo, a plug-and-play online ordering system for restaurants. Olo currently boasts such customers as Chipotle (CMG) - Get Chipotle Mexican Grill, Inc. Report , Jamba Juice and Five Guys and is the fastest growing digital ordering provider.
Glass said Olo currently serves over 150 brands consisting of 12,000 restaurants across the country. Olo's platform integrates a restaurant's mobile app with their current point of sale systems, so orders flow from online, directly to the kitchen.
Olo's new Dispatch service then allows orders placed online to be paired with delivery services like Postmates, if customers choose to have their order delivered.
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At the time of publication, Cramer's Action Alerts PLUS had a position in ETP, GOOGL and MMM.